Tip 71 - Is it better for you or your employer to pay your expenses?

Although you may be eligible to deduct employment expenses against the related employment income, it is more beneficial for you if your employer pays these expenses as they are incurred. The tax benefit received by claiming a deduction for these expenses will always be less than the amount you spent. In addition, if these expenses are deducted on your personal tax return, the responsibility remains with you to keep all the related documentation for a period of up to seven years in order to support these claims.

 

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